GameStop's Quarterly Profit Triggers Surge in Meme Stock - Analysts Weigh in on Buying Opportunities.

GameStop, the meme stock that gained popularity in late 2020, surged after reporting its first profitable quarter in two years. Activist investor Ryan Cohen, who has not sold a single share of GameStop since taking exposure in 2020, also recently took a stake in Alibaba and is pushing for more buybacks. Other meme stocks like AMC and Bed Bath & Beyond are also seeing activity, but investing in these speculative plays carries high levels of unpredictability and should be approached with caution.